Caixin
Oct 22, 2016 03:05 PM

China Sovereign Wealth Fund Brings in More New Blood: Sources

Liu Jun. Photo: Visual China
Liu Jun. Photo: Visual China

(Beijing) — China’s sovereign wealth fund has appointed a former China Everbright Group veteran as its vice president, Caixin has learned.

Liu Jun, former deputy general manager of China Everbright Group, joined China Investment Corp. (CIC) on Friday, according to people with knowledge of the matter.

Liu, 44, first joined China Everbright Bank, which is controlled by China Everbright Group, in the 1990s as a currency trader and rose through the ranks over two decades. He was appointed as executive vice president of the bank in 2010, the youngest vice president in the bank’s history. In 2014, he was promoted to deputy general manager of the group.

Liu graduated from Renmin University, an elite college in Beijing, with a degree in finance in 1993. He later received a master’s degree in business administration from Northeastern State University in the U.S. in 1996 and a doctorate’s degree in business administration from the Hong Kong Polytechnic University in 2003.

This is the third appointment of senior executives made by CIC this year. Tu Guangshao, former vice mayor of Shanghai, became president of the sovereign wealth fund in June. Qi Bin, a veteran securities regulator, was appointed as CIC’s other vice president in August.

Contact reporter Chen Na (nachen@caixin.com); editor Ken Howe (kennethhowe@caixin.com)

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